Detailed Single Year Tables
Description of Proposed Provision:
A8: Starting December 2020, for OASI beneficiaries only (DI beneficiaries would only be affected when their benefit converts to OASI at NRA), the annual COLA would be based on the chain-weighted version of the CPI-U.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2019 | 13.91 | 12.85 | -1.06 | 273 | 0.00 | 0.00 | 0.00 | ||
| 2020 | 13.94 | 12.87 | -1.07 | 260 | 0.00 | 0.00 | 0.00 | ||
| 2021 | 14.05 | 12.89 | -1.16 | 246 | -0.04 | -0.00 | 0.03 | ||
| 2022 | 14.16 | 12.92 | -1.24 | 231 | -0.07 | -0.00 | 0.07 | ||
| 2023 | 14.29 | 12.93 | -1.36 | 216 | -0.11 | -0.00 | 0.10 | ||
| 2024 | 14.44 | 12.96 | -1.48 | 200 | -0.14 | -0.01 | 0.14 | ||
| 2025 | 14.61 | 12.98 | -1.63 | 185 | -0.18 | -0.01 | 0.17 | ||
| 2026 | 14.77 | 13.10 | -1.67 | 169 | -0.21 | -0.01 | 0.20 | ||
| 2027 | 14.94 | 13.12 | -1.82 | 154 | -0.25 | -0.01 | 0.24 | ||
| 2028 | 15.15 | 13.16 | -1.99 | 139 | -0.28 | -0.02 | 0.27 | ||
| 2029 | 15.31 | 13.17 | -2.14 | 124 | -0.32 | -0.02 | 0.30 | ||
| 2030 | 15.46 | 13.18 | -2.27 | 109 | -0.35 | -0.02 | 0.33 | ||
| 2031 | 15.59 | 13.20 | -2.39 | 94 | -0.38 | -0.02 | 0.36 | ||
| 2032 | 15.70 | 13.20 | -2.50 | 78 | -0.40 | -0.02 | 0.38 | ||
| 2033 | 15.80 | 13.21 | -2.59 | 63 | -0.43 | -0.02 | 0.41 | ||
| 2034 | 15.87 | 13.22 | -2.65 | 47 | -0.45 | -0.03 | 0.43 | ||
| 2035 | 15.92 | 13.22 | -2.70 | 31 | -0.48 | -0.03 | 0.45 | ||
| 2036 | 15.96 | 13.23 | -2.73 | 15 | -0.50 | -0.03 | 0.47 | ||
| 2037 | 16.00 | 13.23 | -2.77 | ---- | -0.52 | -0.03 | 0.49 | ||
| 2038 | 16.03 | 13.24 | -2.80 | ---- | -0.53 | -0.03 | 0.50 | ||
| 2039 | 16.05 | 13.24 | -2.82 | ---- | -0.55 | -0.03 | 0.52 | ||
| 2040 | 16.05 | 13.24 | -2.81 | ---- | -0.56 | -0.03 | 0.53 | ||
| 2041 | 16.04 | 13.24 | -2.80 | ---- | -0.57 | -0.03 | 0.54 | ||
| 2042 | 16.01 | 13.24 | -2.77 | ---- | -0.58 | -0.03 | 0.55 | ||
| 2043 | 15.97 | 13.24 | -2.73 | ---- | -0.59 | -0.03 | 0.56 | ||
| 2044 | 15.92 | 13.24 | -2.69 | ---- | -0.60 | -0.04 | 0.56 | ||
| 2045 | 15.89 | 13.24 | -2.65 | ---- | -0.60 | -0.04 | 0.57 | ||
| 2046 | 15.85 | 13.23 | -2.61 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2047 | 15.82 | 13.23 | -2.58 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2048 | 15.79 | 13.23 | -2.56 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2049 | 15.77 | 13.23 | -2.54 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2050 | 15.76 | 13.23 | -2.52 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2051 | 15.75 | 13.23 | -2.52 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2052 | 15.75 | 13.24 | -2.52 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2053 | 15.76 | 13.24 | -2.52 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2054 | 15.78 | 13.24 | -2.54 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2055 | 15.80 | 13.24 | -2.56 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2056 | 15.83 | 13.24 | -2.59 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2057 | 15.87 | 13.25 | -2.62 | ---- | -0.61 | -0.04 | 0.57 | ||
| 2058 | 15.91 | 13.25 | -2.66 | ---- | -0.61 | -0.04 | 0.58 | ||
| 2059 | 15.96 | 13.26 | -2.71 | ---- | -0.61 | -0.04 | 0.58 | ||
| 2060 | 16.01 | 13.26 | -2.75 | ---- | -0.62 | -0.04 | 0.58 | ||
| 2061 | 16.06 | 13.26 | -2.80 | ---- | -0.62 | -0.04 | 0.58 | ||
| 2062 | 16.11 | 13.27 | -2.85 | ---- | -0.62 | -0.04 | 0.58 | ||
| 2063 | 16.16 | 13.27 | -2.89 | ---- | -0.62 | -0.04 | 0.59 | ||
| 2064 | 16.22 | 13.28 | -2.94 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2065 | 16.27 | 13.28 | -2.99 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2066 | 16.32 | 13.28 | -3.04 | ---- | -0.63 | -0.04 | 0.59 | ||
| 2067 | 16.38 | 13.29 | -3.09 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2068 | 16.43 | 13.29 | -3.14 | ---- | -0.64 | -0.04 | 0.60 | ||
| 2069 | 16.49 | 13.29 | -3.20 | ---- | -0.64 | -0.04 | 0.61 | ||
| 2070 | 16.55 | 13.30 | -3.25 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2071 | 16.60 | 13.30 | -3.30 | ---- | -0.65 | -0.04 | 0.61 | ||
| 2072 | 16.65 | 13.31 | -3.34 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2073 | 16.69 | 13.31 | -3.38 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2074 | 16.73 | 13.31 | -3.42 | ---- | -0.66 | -0.04 | 0.62 | ||
| 2075 | 16.76 | 13.32 | -3.45 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2076 | 16.79 | 13.32 | -3.47 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2077 | 16.80 | 13.32 | -3.49 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2078 | 16.81 | 13.32 | -3.49 | ---- | -0.67 | -0.04 | 0.63 | ||
| 2079 | 16.80 | 13.32 | -3.48 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2080 | 16.78 | 13.32 | -3.47 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2081 | 16.76 | 13.32 | -3.45 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2082 | 16.74 | 13.32 | -3.43 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2083 | 16.72 | 13.32 | -3.40 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2084 | 16.70 | 13.31 | -3.38 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2085 | 16.67 | 13.31 | -3.36 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2086 | 16.65 | 13.31 | -3.34 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2087 | 16.64 | 13.31 | -3.33 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2088 | 16.64 | 13.31 | -3.33 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2089 | 16.65 | 13.31 | -3.34 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2090 | 16.67 | 13.31 | -3.36 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2091 | 16.70 | 13.31 | -3.39 | ---- | -0.68 | -0.04 | 0.64 | ||
| 2092 | 16.74 | 13.32 | -3.43 | ---- | -0.69 | -0.04 | 0.64 | ||
| 2093 | 16.79 | 13.32 | -3.47 | ---- | -0.69 | -0.04 | 0.64 | ||
| 2094 | 16.84 | 13.32 | -3.51 | ---- | -0.69 | -0.04 | 0.65 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2019-2093 | 16.07% | 13.78% | -2.29% | 2036 | -0.53% | -0.03% | 0.50% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2019 Trustees Report.